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Stocks ended almost flat Thursday after volatile trading as investors were active both sides of trading fence.
Market analysts said risk-averse investors booked quick-profit on stocks which saw sharp rise in recent upsurge while some investors took position on lucrative issues, taking the market in the flat territory.
The market opened on upward trend and key index crossed the 5,800-mark, gaining 30 points within first hour of trading, but failed to stay that level amid profit booking selling pressure.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settle at 5,797, losing 1.28 points or 0.02 per cent.
The two other indices, however, closed green. The DS30 index, comprising blue chips, went up by 0.62 point to close at 2,011 and the DSE Shariah Index (DSES) advanced 2.67 points to close at 1,318.
Turnover, an important indicator of the market, fell to Tk 8.98 billion, which was 12 per cent lower than the previous day’s Tk 10.25 billion.
A total number of 199,354 trades were executed in the day’s trading session with trading volume of 224.76 million shares and mutual fund units.
The market-cap of DSE increased to Tk 4,105 billion which was Tk 4,098 billion in the previous day.
The losers took a modest lead over the gainers as out of 346 issues traded, 173 declined, 148 advanced and 25 issues remained unchanged on the DSE floor.
JMI Syringe & Medical Devices dominated the turnover chart with 706,470 shares worth Tk 269 million changing hands, followed by BBS Cables, Olympic Industries, Shepherd Industries and Paramount Textile.
Low-cap companies continued to dominate the gainers chart with Prime Life Insurance was the day’s best performer, posting a gain of 9.87 per cent while Peoples Leasing & Financial Services was the worst loser, plunging by 4.48 per cent.
Port city bourse Chittagong Stock Exchange (CSE) finished slightly lower with the CSE All Share Price Index – CASPI – shedding 13 points to settle at 17,765 points and Selective Categories Index – CSCX –losing 9.0 points to finish at 10,726.
The losers beat the gainers as 140 issues closed lower, 107 ended higher and 17 remained unchanged.
The port city bourse traded 12.11 million shares and mutual fund units worth nearly Tk 330 million in turnover.